Quilcene lDyster'la farms and sells oysters in the Pacic Northwest. The company harvested and sold 7,500 pounds of oysters in August. The company's flexible budget for August appears below: Quilcene Dysteria Flexible Budget For the Month Ended August 31 Actual pounds (q) ?,5@@ Revenue ($4.15q) $ 31,125 Expenses: Packing supplies ($0.35q) 2,625 Oyster bed maintenance ($3,188) 3,180 Wages and salaries ($2,366 + $5.50q) 6,550 Shipping ($6.66q) 4,530 Utilities ($1,213) 1,213 Other ($496 + $8.61q] 555 Total expense 13,850 Net operating income 5 13:3?5 The actual results for August appear below: Quilcene Oysteria Income Statement For' the Month Ended August 31 Actual pounds ?,566 Revenue $ 26,766 Expenses: Packing supplies 2,?'35 Oyster bed maintenance 2,966 llilages and salaries 6,456 Shipping 4,236 Utilities 1,326 Other" 1,155 Total expense 13,656 Net operating income 53; Required: lCalculate the company's revenue and spending variances for August. {Indicate the effect of each variance by selecting "F" for favorable, "U\" for unfavorable, and "None\" for no effect (i.e., zero variance}. Input all amounts as positive values! Quilcene Oysteria Revenue and Spending Variances For the Month Ended August 31 Revenue Expenses: Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense Net operating income